Coinspeaker
Bybit Boosts Security with Zodia Custody Partnership Post-Hack
Bybit Fintech Limited has disclosed that it is ramping up its security after suffering a $1.45 billion hack in February 2025.
The leading cryptocurrency exchange has partnered with Zodia Custody, a firm backed by major financial institutions, to provide its clients with a safer way to store their digital assets.
Bybit and Zodia Custody to Strengthening Security
The February hack on Bybit was one of the largest in crypto history, with nearly $1.5 billion worth of Ethereum stolen.
The FBI confirmed that the attack was carried out by the North Korean Lazarus Group, exposing significant security weaknesses in cryptocurrency exchanges.
Several issues of concern were raised among investors, particularly corporations seeking opportunities for a secure way to trade and invest in digital assets. In response, Bybit will now offer a custody solution following its newly announced collaboration with Zodia Custod
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